Bitcoin Price Forecast: MSCI Decision Could Impact BTC USD Price

The Bitcoin price is stuck in a range while its biggest corporate buyer spends its cash elsewhere. BTC trades at $81,394, down 1.72% over 24 hours on $24.89 billion in volume, still above $80,000 after a wick to $79,800 last Thursday. Sentiment hasn’t cracked either, with the Fear & Greed Index at 55. The question for this Bitcoin price forecast: does MSCI’s new index rule hit Bitcoin itself, or mostly the companies that hold it? MSCI finalized its new rules on October 15, making “non-operating companies” ineligible for its Global Investable Market Indexes. A company that fails a core test for operating assets gets screened on five financial ratios, and tripping four of them flags the stock.

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